Funding you earn now, next payment 22:00 UTC−0.0436%/8h= −47.7% APRnext payment −$0.54 per $10,000 · paid last 24h −0.156%
Price spread now: Pacifica against Lighter−0.377%57s7-day average −0.103% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$330.328% of the position
Funding, last 7 days−0.258%−$26 on $10k
+Price spread, last 7 days+0.234%+$23 · spread now −0.377%, 7d avg −0.103%
=Together, before fees−0.024%+ Points / potential airdropLighter: Season 3 · Pacifica: Active · farm board−$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Pacifica is 0.274% cheaper against Lighter than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.103%). Swap the legs. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.258% in total (about -13.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.54 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter UNI | 8.8412 | 0.0536 | pay 0.0067% / 1h | 55m 43s | $4.5M | $5.3M | 15x |
| Short | Pacifica UNI | 8.8079 | 0.0100 | get 0.0013% / 1h | 55m 43s | $297K | $559K | 10x |
Lighter UNI
Pacifica UNIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$91.56
- Price spread: −0.377% → −0.103%
- −$27.37
- Slippage, 4 orders
- −$24.84
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$151.77
- Costs to cover
- 0.328%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 7 min ago; Pacifica: live order book, 33 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Lighter live order book, 7 min ago | 2.27 bp | 6.9 bp −$7 | 22.1 bp −$221 | 100.6 bp −$10.1K | doesn't fit |
| Sell Pacifica live order book, 33 min ago | 1.13 bp | 12.4 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
UNI on 40 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni UNI | −0.0199% | 8h | 8.8256 | −0.176% | $3.9M | $4.9M | — | as long as short |
| Bybit UNIUSDT | −0.0190% | 8h | 8.8220 | −0.217% | $102.8M | $104.2M | 75x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0006% | 1h | 8.8090 | −0.364% | $79K | — | 150x | as long as short |
| OKX UNI-USDT-SWAP | +0.0011% | 8h | 8.8250 | −0.183% | $54.2M | $245.0M | 50x | as long as short |
| 01 Exchange UNIUSD | +0.0056% | 1h | 8.8045 | −0.415% | $439 | — | 10x | as long as short |
| Deribit UNI_USDC-PERPETUAL | +0.0056% | 1h | 8.8123 | −0.326% | $550K | $125K | 50x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.7988 | −0.479% | $25K | — | 20x | as long as short |
| Nado UNI-PERP | +0.0100% | 1h | 8.7975 | −0.494% | $846K | $3.9M | 10x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 8.8130 | −0.319% | $1.0M | $3.4M | 50x | as long as short |
| Pacifica UNIshort | +0.0100% | 1h | 8.8079 | −0.377% | $297K | $559K | 10x |
Variational Omni UNI
Bybit UNIUSDT
gTrade (Gains Network) UNI/USD
OKX UNI-USDT-SWAP
01 Exchange UNIUSD
Deribit UNI_USDC-PERPETUAL
Paradex UNI-USD-PERP
Nado UNI-PERP
Aster UNIUSDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance UNIUSDT | +0.0100% | 8h | 8.8240 | −0.195% | $216.2M | $596.5M | 75x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 8.8100 | −0.353% | $272K | $605K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 8.8130 | −0.319% | $22.9M | $58.8M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.8100 | −0.353% | $42.6M | $24.4M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.8090 | −0.364% | $13.7M | $13.8M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.8120 | −0.330% | $31.9M | $41.0M | 75x | as long as short |
| BingX UNI-USDC | +0.0100% | 8h | 8.8110 | −0.342% | — | $6.5M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 8.8116 | −0.335% | $976K | $2.4M | 10x | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.8154 | −0.291% | $166K | $341K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 8.8050 | −0.409% | $615K | $2.6M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.8190 | −0.251% | $83K | $713K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.8090 | −0.364% | $105K | $3.3M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 8.8105 | −0.347% | $86K | $339K | 10x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.8080 | −0.376% | $15K | $1.7M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.8044 | −0.416% | $36K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.8087 | −0.368% | $28K | $659K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.8252 | −0.181% | $721K | $4.3M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 8.8090 | −0.364% | $26.5M | $4.4M | 50x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 8.8045 | −0.415% | $307K | $1.4M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.8100 | −0.353% | $31K | $1K | 3x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0200% | 1h | 8.8140 | −0.308% | $1.0M | $5.3M | 50x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 8.8000 | −0.466% | $9.8M | $3.3M | 75x | as long as short |
| Kraken Futures PF_UNIUSD | +0.0270% | 1h | 8.8137 | −0.311% | $4.9M | $7.2M | 50x | as long as short |
| Reya UNIRUSDPERP | +0.0359% | 1h | 8.8048 | −0.411% | $16K | — | 20x | as long as short |
| dYdX UNI-USD | +0.0371% | 1h | 8.8259 | −0.173% | $244K | $5K | 10x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0381% / S −0.0320% | 1h | 8.8082 | −0.373% | $552K | — | 120x | as long as short |
| Hyperliquid UNI | +0.0490% | 1h | 8.8287 | −0.141% | $96.0M | $60.5M | 10x | as long as short |
| Aftermath Perps UNIUSD | +0.0518% | 1h | 8.8122 | −0.328% | $1K | $50K | 10x | as long as short |
| Lighter UNIlong | +0.0536% | 1h | 8.8412 | long leg | $4.5M | $5.3M | 15x | |
| Injective UNI/USDC PERP | +0.2702% | 1h | 8.7900 | −0.579% | $657 | $97K | 12x | as long as short |
Binance UNIUSDT
Arcus UNI-USD
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDC
Backpack UNI_USDC_PERP
edgeX UNIUSDC
GRVT UNI_USDT_Perp
ApeX Omni UNIUSDT
StandX UNI-USD
Polymarket Perps UNI-USD
Orderly PERP_UNI_USDC
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Phemex UNIUSDT
Extended UNI-USD
Aevo UNI-PERP
Coinbase International UNI-PERP-INTX
BloFin UNI-USDT
Kraken Futures PF_UNIUSD
Reya UNIRUSDPERP
dYdX UNI-USD
GMX UNI/USD [UNI-USDC]
Hyperliquid UNI
Aftermath Perps UNIUSD
Injective UNI/USDC PERP